S&P 500: More Room to Run?

Published on
June 11th, 2019
6 minutes

S&P 500: More Room to Run?

Trade Ideas ·
Featuring Joseph Perry

Published on: June 11th, 2019 • Duration: 6 minutes

Joe Perry, CMT, of ForexAnalytix, suggested buying the dip in the S&P 500 several weeks ago, and now returns to Real Vision to discuss how traders should play the current bounce. He highlights the impact of a dovish Fed, examines his charts using Elliot Wave analysis and Fibonacci retracements, and updates key levels for the trade, in this interview with Jake Merl. Filmed on June 6, 2019.



  • SC
    Shiny C.
    13 June 2019 @ 02:45
    Thanks for the insight Joe! Personally more inclined to the alternate wave count shown in your chart; resistance in 0.764 retracement level and the bounce is on contracting volume. Though will change my mind if it broke through the resistance with increasing volume.
  • BJ
    Brian J.
    12 June 2019 @ 08:50
    That's more like it, straight to the point!
  • SM
    Stuart M.
    11 June 2019 @ 16:41
    Thanks for the update Joe, and thanks for responding to my question about the trade on Twitter!
    • JP
      Joseph P. | Contributor
      11 June 2019 @ 17:55
      My pleasure Stuart. Feel free to reach out to me any time!
  • JP
    Joseph P. | Contributor
    11 June 2019 @ 12:41
    Moving stops up to 2830, which would lock in +70/80 handles
  • DH
    Dean H.
    11 June 2019 @ 09:41
    Rate cuts at this stage of the cycle are not bullish